SeaStar Medical Holding Corporation (ICU) Shares Decline Despite Market Challenges

The stock of SeaStar Medical Holding Corporation (NASDAQ: ICU) has decreased by -9.62 when compared to last closing price of 0.24.Despite this, the company has seen a gain of 14.53% in its stock price over the last five trading days. GlobeNewsWire reported 2023-08-22 that DENVER, Aug. 22, 2023 (GLOBE NEWSWIRE) — SeaStar Medical Holding Corporation (Nasdaq: ICU) (“SeaStar Medical” or the “Company”), a medical device company developing proprietary solutions to reduce the consequences of hyperinflammation on vital organs, announces that management will hold a business update conference call today at 4:00 p.m. Eastern time (1:00 p.m. Pacific time). During the call, management will provide a clinical and regulatory update and review the Company’s value proposition, including the commercial opportunity.

Is It Worth Investing in SeaStar Medical Holding Corporation (NASDAQ: ICU) Right Now?

The 36-month beta value for ICU is also noteworthy at -0.16. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The average price estimated by analysts for ICU is $1.00, which is $0.78 above than the current price. The public float for ICU is 7.26M, and at present, short sellers hold a 2.88% of that float. The average trading volume of ICU on September 18, 2023 was 325.26K shares.

ICU’s Market Performance

ICU’s stock has seen a 14.53% increase for the week, with a -30.32% drop in the past month and a -55.38% fall in the past quarter. The volatility ratio for the week is 21.17%, and the volatility levels for the past 30 days are at 17.90% for SeaStar Medical Holding Corporation The simple moving average for the past 20 days is -9.91% for ICU’s stock, with a -89.52% simple moving average for the past 200 days.

ICU Trading at -44.51% from the 50-Day Moving Average

After a stumble in the market that brought ICU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.02% of loss for the given period.

Volatility was left at 17.90%, however, over the last 30 days, the volatility rate increased by 21.17%, as shares sank -25.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -59.25% lower at present.

During the last 5 trading sessions, ICU rose by +14.53%, which changed the moving average for the period of 200-days by -95.91% in comparison to the 20-day moving average, which settled at $0.2361. In addition, SeaStar Medical Holding Corporation saw -94.73% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ICU starting from Chung Kevin, who purchase 12,543 shares at the price of $0.47 back on May 30. After this action, Chung Kevin now owns 68,125 shares of SeaStar Medical Holding Corporation, valued at $5,953 using the latest closing price.

Russell Richard D., the Director of SeaStar Medical Holding Corporation, purchase 20,000 shares at $0.50 during a trade that took place back on May 25, which means that Russell Richard D. is holding 27,978 shares at $10,000 based on the most recent closing price.

Stock Fundamentals for ICU

The total capital return value is set at -19.71, while invested capital returns managed to touch -48.75.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.

Conclusion

In summary, SeaStar Medical Holding Corporation (ICU) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.